[SINGAPORE] Bitcoin's correction has erased the gains it made in 2025, just over a month after it hit a new record. Analysts attributed the decline to investor concerns over the US economy and the wider macro environment.

Bitcoin surged this year after President Donald Trump passed pro-crypto legislation. On Oct 6, the cryptocurrency hit an all-time high of US$126,251.

On Tuesday (Nov 18), it fell below US$90,000, technically entering a bear market, according to market observers.